All Forum Posts by: Ranier Olegario-Nebel

@Jonathan Liu

I'll look into asset-based lenders and see if that might give me a better ROI. Issues would be the savings mean the money doesn't go into the loan and that'll cost adding up. I can help combat it a little with a high-interest yield savings account, but that's maybe still a -4.5% rate while saving.

@Caleb Heimsoth

I'll take a look around more on the BP threads for this topic. 

I got my MBA in marketing and it was all student loans. I wanted to invest in cash-flowing properties to help pay the loans. I would only go for rentals that have an ROI (adjusted for risk) greater than the interest rates on my loans if I thought a deal was good. Of course, I'd have to start saving for a downpayment in a high-interest yield account rather than paying down loans so that comes with those incurring costs.

Concerning DTI, from calculations I can find online, my DTI is 26.7%. My loans were stretched 30 years (to attack the higher interest rates), but my monthly is payment is $1000 and my monthly gross is $3750. I do not have other forms of debt. Is there another calculation used besides just monthly payment?

Hi BP community,

So I have a strong interest in rental properties and most likely am looking into purchasing out-of-state because LA and orange county are difficult to cash flow. I've only begun saving up for a down payment, but I wanted to know if there was any way I could be financed for a rental property with high debt?

In my case, I, unfortunately, have $150,000 in student loan debt due to bad financial advice until it was too late and would like to start investing in rental properties to cash flow and help pay off my student loans!

I have a great credit score but only make $45,000 currently. Are there ways for me to qualify for loans for investment? 

Any advice is welcome!